Here are 5 key ways in which the lessons you learn on the road can be used to enrich the life you lead when you return home…

1 Time = Wealth

By far the most important lesson travel teaches you is that your time is all you really own in life. And the more you travel, the more you realize that your most extravagant possessions can’t match the satisfaction you get from finding new experiences, meeting new people, and learning new things about yourself. “Value” is a word we often hear in day-to-day life, but travel has a way of teaching us that value is not pegged to a cash amount, that the best experiences in life can be had for the price of showing up (be it to a festival in Rajasthan, a village in the Italian countryside, or a sunrise ten minutes from your home).

Scientific studies have shown that new experiences (and the memories they produce) are more likely to produce long-term happiness than new things. Since new experiences aren’t exclusive to travel, consider ways to become time-rich at home. Spend less time working on things you don’t enjoy and buying things you don’t need; spend more time embracing the kinds of activities (learning new skills, meeting new people, spending time with friends and family) that make you feel alive and part of the world.

2 Be Where You Are

A great thing about travel is that it forces you into the moment. When you’re celebrating carnival in Rio, riding a horse on the Mongolian steppe, or exploring a souk in Damascus, there’s a giddy thrill in being exactly where you are and allowing things to happen. In an age when electronic communications enable us to be permanently connected to (and distracted by) the virtual world, there’s a narcotic thrill in throwing yourself into a single place, a single moment. Would you want to check your bank-account statement while exploring Machu Picchu in Peru? Are you going to interrupt an experience of the Russian White Nights in St. Petersburg to check your Facebook feed? Of course not — when you travel, you get to embrace the privilege of witnessing life as it happens before your eyes. This attitude need not be confined to travel.

At home, how often do you really need to check your email or your Twitter feed? When you get online, are you there for a reason, or are you simply killing time? For all the pleasures and entertainments of the virtual-electronic world, there is no substitute for real-life conversation and connection, for getting ideas and entertainment from the people and places around you. Even at home, there are sublime rewards to be had for unplugging from online distractions and embracing the world before your eyes.

3 Slow Down

One of the advantages of long-term travel (as opposed to a short vacation) is that it allows you to slow down and let things happen. Freed from tight itineraries, you begin to see the kinds of things (and meet the kinds of people) that most tourists overlook in their haste to tick attractions off a list. A host of multi-million-dollar enterprises have been created to cater to our concept of “leisure,” both at home and on the road — but all too often this definition of leisure is as rushed and rigidly confined as our work life. Which is more emblematic of leisure — a three-hour spa session in an Ubud hotel, or the freedom to wander Bali at will for a month?

All too often, life at home is predicated on an irrational compulsion for speed — we rush to work, we rush through meals, we “multi-task” when we’re hanging out with friends. This might make our lives feel more streamlined in a certain abstracted sense, but it doesn’t make our lives happier or more fulfilling. Unless you learn to pace and savor your daily experiences (even your work-commutes and your noontime meals) you’ll cheating your days out of small moments of leisure, discovery and joy.

4 Keep it Simple

Travel naturally lends itself to simplicity, since it forces you to reduce your day-to-day possessions to a few select items that fit in your suitcase or backpack. Moreover, since it’s difficult to accumulate new things as you travel, you to tend to accumulate new experiences and friendships instead — and these affect your life in ways mere “things” cannot.

At home, abiding by the principles of simplicity can help you live in a more deliberate and time-rich way. How much of what you own really improves the quality of your life? Are you buying new things out of necessity or compulsion? Do the things you own enable you to live more vividly, or do they merely clutter up your life? Again, researchers have determined that new experiences satisfy our higher-order needs in a way that new possessions cannot — that taking a friend to dinner, for example, brings more lasting happiness than spending that money on a new shirt. In this way, investing less in new objects and more in new activities can make your home-life happier. This less materialistic state of mind will also help you save money for your next journey.

5 Don’t Set Limits

Travel has a way revealing that much of what you’ve heard about the world is wrong. Your family or friends will tell you that traveling to Colombia or Lebanon is a death-wish — and then you’ll go to those places and have your mind blown by friendliness, beauty and new ways of looking at human interaction. Even on a day-to-day level, travel enables you to avoid setting limits on what you can and can’t do. On the road, you naturally “play games” with your day: watching, waiting, listening; allowing things to happen. There’s no better opportunity to break old habits, face latent fears, and test out repressed facets of your personality.

That said, there’s no reason why you should confine that sort of freedom to life on the road. The same Fear-Industrial Complex that spooks people out of traveling can discourage you from trying new things or meeting new people in own your hometown. Overcoming your fears and escaping your dull routines can deepen your home-life — and the open-to-anything confidence that accompanies travel can be utilized to test new concepts in a business setting, rejuvenate relationships with friends and family, or simply ask that woman with the nice smile if she wants to go out for coffee. In refusing to set limits for what is possible on a given day, you open yourself up to an entire new world of possibility.

Naturally, this list is just a sampling of how travel can transform your non-travel life. What have I missed? What has travel taught you about how to live life at home?